Meaning of “cost-of-living allowance” in the English Dictionary

business-english dictionary

"cost-of-living allowance" in British English

See all translations

cost-of-living allowancenoun [ C usually singular ]

uk /ˌkɒst.əvˈlɪv.ɪŋ əˌlaʊ.əns/ us /ˌkɑːst.əvˈlɪv.ɪŋ əˌlaʊ.əns/

an amount of money that an employee gets in addition to his or her normal pay, because the cost of living in a particular area is high:

Nurses working in the capital receive an additional 7.5 percent cost-of-living allowance.

(Definition of “cost-of-living allowance” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"cost of living allowance" in Business English

See all translations

cost of living allowancenoun [ C ]

uk us abbreviation COLA

ECONOMICS, HR extra money that some people receive from their employer, for example, because they work in an area that is very expensive, or because prices have increased:

(Definition of “cost of living allowance” from the Cambridge Business English Dictionary © Cambridge University Press)